£147,007
This estimated value is based upon the latest sale price for the house of £112,500 on 12 Jan 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£112,500 | 12 Jan 2017 |
£108,000 | 14 Jun 2011 |
£110,000 | 30 Mar 2011 |
£98,000 | 1 Dec 2004 |
Semi-Detached |
Freehold |
Floor Area: 81 sq meters or 879 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in January 2017 the House Price Index for TYNE AND WEAR was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £112,500 results in an estimated price of approximately £147,007.
12 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.7 | 148.6 | 30.673 % | £112,500 | £34,507 | £147,007 |
The Postcode Pricing Model uses changes in average sales price within the NE11 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | -57.908 % | £-65,147 | £47,352 |
3 Month Average | -20.670 % | £-23,254 | £89,245 |
6 Month Average | 49.787 % | £56,010 | £168,510 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Jul 2023 | £138,869 | £137,000 | 29 CEDAR CRESCENT |
27 Jan 2023 | £139,344 | £140,000 | 12 CYPRESS CRESCENT |
29 Jul 2022 | £125,337 | £125,000 | 24 CEDAR CRESCENT |
30 Jun 2022 | £101,433 | £100,000 | 5 CYPRESS CRESCENT |
8 Jun 2022 | £173,451 | £171,000 | 36 HOLMSIDE AVENUE |
This house has a floor area of 81 sq meters or 879 sq feet when measured on 4 Mar 2011. Using an estimated price of £147,007 means this house is valued at £1,799 per sq meter (£167 per sq foot).
The average size of a house on CYPRESS CRESCENT is 87 sq meters (943 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Other crime | Under investigation | On or near Cypress Crescent |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Holly Avenue |
Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Holly Avenue |
Mar 2024 | Possession of weapons | Under investigation | On or near Elm Avenue |
Mar 2024 | Anti-social behaviour | On or near Elm Avenue |